1.0 link 147448 <![CDATA[It's a Wonderful Life Explains the Financial Crisis]]> http://www.huffingtonpost.com/charles-h-green/its-a-wonderful-life-expl_b_147448.html Frank Capra's perennial Christmas movie It's a Wonderful Life is remembered mainly for celebrating civic and familial virtues. George Bailey sacrifices his dreams for those of others, but in the end receives the greatest rewards of all.

But George was also a good industrial economist. Reluctant inheritor of dad's Bedford Falls Building and Loan, he understood the institution's role -- to consolidate deposits into home loans, so Joe the debtor could escape the landlord tyranny of the evil Mr. Potter.

When Potter...

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